bei jedem dump legen sich die arp scammer (ripple labs) genug zur Seite um dann in einem illiquiden strategischen moment den preis zu pumpen. diese milliardenschwere scammer haben vor kurzem verlautbart sie wollen ins Kreditwesen einsteigen:  ahnungslosen noobs wollen sie Kredite geben, die zweckgebunden an den kauf von xrp sind. rückzahlbar in dollar. hinterfotzige Konstruktion.

zuviel Geld im shitcoin Bereich. das hat die kritische masse längst überschritten und nährt sich selbst. 7500 marketing Abteilungen können nicht irren.  eth hat ja auch grad eine unintended fork hingelegt, ein so unbenutzbares netzwerk, dass sie nochmal von vorne anfangen müssen (eth 2.0) und der preis steigt und steigt.

wenn ich mit noobs ins Gespräch komme (momentan eher seltener) dann sage ich ihnen, dass alle Vorurteile, alle Abneigung gegen crypto, alle Ängste und alles Unverständnis vollkommen gerechtfertigt sind und dass sie absolut recht damit haben, dass das alles Schrott ist. bis eben auf eine Ausnahme. Da gab es einen technologischen Durchbruch. die Lösung zweier jahrzehntelang ungelöster Probleme in den Computerwissenschaften: Bitcoin

Sorum ist ein bisschen schwerer sie zu überzeugen, aber dafür reisst man mit seinen begeisterten Schilderungen über bitcoin wenigstens kein kognitives Scheunentor auf, durch die dann all diese shitcoins durchschlüpfen.

friends don't let friends buy shitcoins.

500 years ago in northern Italy banking was invented and changed the world. trade was enabled like never before in history. to transport money over time and space in a trusted and reliable way was the business model of the banks ever since then.

this monopoly was granted to them for more than 5 centuries until today.

their business model got eaten by software. bitcoin.
it also gets eaten by fintech/apps
when CBDC are floating around and citizens all have a direct account with the central bank it too will eat the banks.

they have no chance. the fact that they were the masters of the universe for half a millennia puts them into a position that will make it impossible for them to understand what is going on.

in the same way traditional publishers of print news or books got eaten by software, banks will not disappear all of a sudden. 500 years is some huge momentum. it will take decades, but their fate is sealed already.

next time you are talking to a banker enjoy it as if you were able to watch some dinosaurs in rl. bitcoin is their asteroid.

leute, DAS ist mein bitcoin meme Favorit für 2020.

a b s o l u t  geil gemacht. 


https://www.reddit.com/r/Bitcoin/comments/jxil3u/the_bitcoin_standard/?utm_source=share&utm_medium=web2x&context=3

in den comments steht, dass bitcoin allein schon deshalb obsiegen wird, weil wir einfach die besseren memes haben. have fun. 

indeed an interesting observation. the Austrian econ gang is always using Japan as the bad example. how on earth is their currency doing better than all other?

i stumbled across his twitter feed a few days ago. same old shitty arguments. he is claiming bitcoin is a ponzi. since the bitcoin community is relatively small compared to the rest of the world, guys like stolfi think there is something to gain in publicly hating bitcoin. since there is a big mass of no-coiners and lots of ignorant idiots in that group (as in any group) he gets plenty of attention.

what the stolfis don't get is the fact that bitcoiners are able to monetize their conviction, their attitude and gain wealth, while the critics may get attention and applause but in the end you can't monetize applause in the same way than you can the best financial invention of the millennia.

stolfi has fun staying poor.  

nice stunt, eddie.

(searches for black ink pen, wife is still sleeping)  

considering Brexit, Johnson and the pandemic - not too shabby imho.

amazing chart. let's hope it stays that way for another year or so. 

2017 hatten wir im Januar fast das ath aus 2013 erreicht. dann kam die "china bans bitcoin" Korrektur und dann hat es noch fast 4 Monate gedauert bis wir endlich wieder dort waren. 

das wäre wie wenn wir jetzt korrigieren und erst im Feb/März 2021 wieder dieses Niveau erreichen würden. alles möglich.

let's go back to the year 2015. January of that year. bitcoin had been falling falling falling, nothing but falling ever since peak of 2013. a peak that I did not sell. it wasn't "fuck you -I am retiring" amounts of fiat worth that my btc stash was worth on that peak, but it surely was more money than I had ever dreamed of possessing. yeah, saw it all dwindle. like water you try to hold in your hand. I got seriously invested in 2013 and all I saw in that year were fucking immense fiat gains. evaporating fiat gains all through 2014. hired a manager for my business. he demanded me to invest some cash into the business and I thought he was right, I should invest in my business. 2014 had left me disillusioned. in January 2015 bitstamp got hacked and since I was on the brink of selling I had lots of btc on that exchange in that moment.
whooosh - all gone. like another mtgox. I freaked out completely. in the back of my mind I thought that bitstamp would somehow not end up like mtgox 2.0, but that was just a feeling.  I had to reconsider my attitude towards bitcoin. it dawned on me that it was just a speculative pipe dream I was curating here. fuck this shit. I own a real life business that made me decent money and I also liked the work. why the fuck was I chasing some weird "get filthy rich" scheme when I had a decade long business that worked quite well? I almost gave up. almost. decided that if bitstamp would recover I would sell 100 btc and put into my rl business. bitstamp did recover, got all coins back.

so I did. sold in February 2015. got €20k and invested that in the business. posting this so noobs can learn and not do the same mistake. never sell your precious corn. that was $1.8 mio mistake, currently. if you sell 10btc during next dip it will be the same in a few years. if you sell 1 btc during the next bear, it will be the same in a few more years. hold on to the holy corn.

BAM!

 

awesome!

https://www.reddit.com/r/Bitcoin/comments/jxil3u/the_bitcoin_standard/?utm_source=share&utm_medium=web2x&context=3

hört sich inflationär an, aber bin dabei.

new AYH in 3... 2.... 1...

ich hoffe fronti verzeiht mir, dass ich ein bisschen nachhelfe:



 

to all the € haters:


https://www.bloomberg.com/news/articles/2020-11-19/euro-tops-dollar-as-payments-currency-for-first-time-since-2013?sref=KUEUnb10

i have no clue if the escape velocity of btc price to never come back down +80% again will be reached this next cycle or the during a later one. be careful regarding both sides: if it just another regular cycle with blowoff top and +80% correction the hodlers that didn't sell any will look stupid. and feel that way also. the problem is it will be clear only in hindsight. you have to ask yourself what is most important for your situation: can you stand watching 80% of unrealized fiat gains to evaporate? or can you stand being a no-coiner the moment that hyperbitcoinitzation of the global finance takes place? it is both hard to cope with. so maybe adjust to some middle way. just don't sell all your corn, but - for the sake of getting rewarded - don't forget to take some fiat profits either.

short term charts look ugly right now. I expect a pull back and attack on ath postponed. which is all good. if we attack it early next year it would paint a much healthier chart.

but should we blast to $23k next week, I am happy to accept that also  

edited

i was talking to bitcoin owners. not to fiat weirdos.

past cycles were driven by retail fomo. retail that was trying to time the top to sell for as much fiat as possible. the game was bitcoin but it was fiat dominated. hodlers that did not sell the top had to swallow multiyear face ripping meltdowns of unrealized gains. fiat gains. hodlers that did not sell were ridiculed and laughed at. overall the price was appreciating and mostly during the 2017 cycle retail had dreams of escaping the rat race by selling the top for life changing fiat amounts.

after all retail are the regular guys. those that were never allowed to participate in pre-ipo stock sales of big tech. those that watched accredited investors become billionaires due to their privilege of investing early in big tech company pre-ipo. with bitcoin they were able to do the same. get in early and sell high, yeah that is the plan. and I know it is your plan, too. most of you want to time the top, get fiat rich, escape the hamster wheel for good. lambos are looming.

this has happened three times now and you are all conditioned to either sell the top for mountains of fiat or- with a little twist - sell the top to later buy back cheap coins to finally grab all those btc you ever dreamed of possessing. my wet dream of the next bull run is to be able to time the top, be rich and also buy back the btc later to even have more corn than ever before in addition to life changing piles of fiat. wouldn't that be nice? have your bitcoin cake and eat it too.

be careful. this next bull is not retail driven with fiat in mind. it is driven by institutional investors. their motivation is not fiat. they drown in fiat, that is not the point. their point is to invest in something that protects against a fiat meltdown. they don't invest to make more fiat, they invest to fucking escape fiat. they invest to hedge against fiat. for them, there is no top to sell btc for even more fiat. they will hold their corn.

don't expect another 80% multiyear bear after some crazy spike in btc price this time around. no weak hand fomo retail is owning the corn, but hardened financial shark professionals that noticed that fiat is a melting ice cube. in either this cycle or the next one bitcoin will reach escape velocity. price will not come back.

don't be the OG bitcoin hodler who went through all the despair and disillusional face melting bears without selling but then sell at a local top in that very cycle that was the cycle where price did never come back, turning you - a former btc boss - into a poor fiat bag holder.

if they end up with btc and you end up with tons of worthless fiat, they played you and they won and you lost.

it is not the tops that get smaller or the cycles that get longer. it is the bear markets that will diminish.

the 2020ies will be the decade of bitcoin. at the end of this decade one bitcoin will be worth a million $ (todays value). no one will believe that there was an opportunity in 2020 to buy btc for $4k.

don't sell meaningful amounts of your corn. the professionals will outplay you. their fiat supply is endless. your btc supply is not.

i was thinking of keeping 50% of stash - no matter what price. but it already feels like a stupid idea. yeah trying to buy back cheap coins to gain coins is tempting, but it is actually trading.  I hate trading. maybe I will keep 70% of stash forever, risk only 30% maybe even less.

I visited a friend yesterday and saw the bike that I had gifted him. a nice $180k bicycle. not sure if he really knows what it means to ride germanys most expensive bike.